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Metta World Peace has been bought out by the Knicks. He'll hit waivers and is expected to become a free agent unless a team claims him. World Peace has interest from the Spurs and Clippers for now, but there will likely be other names popping up. He can be left on the wire in all leagues.

The Thunder offered a first-round pick to the Knicks in exchange for Iman Shumpert, according to ESPN.com. The Knicks really need draft picks and it's a little surprising they held Shumpert at that price. Tim Hardaway Jr. has been playing better than Shumpert lately and that could continue. Perhaps the Knicks' only goal was to dump Raymond Felton at the deadline and maybe that's why they turned this deal down. Shumpert is out for about another week with his sprained MCL.

The Knicks may consider signing free agent PF Ike Diogu once they've officially waived Metta World Peace and Beno Udrih. Diogu played for New York during the preseason and he's currently averaging 16.2 points and 8.2 rebounds in the D-League. Even if he does earn a 10-day contract to support the Knicks' frontcourt, there's no reason to consider him in any fantasy leagues. The New York Post floats a few more names as potential targets, including Earl Clark, Ben Gordon, Antawn Jamison and Danny Granger, but that list sounds more like informed speculation than a report.

Sorry dont know how to get a link from a phone app but i read a Steve Broussard article on espn and state that before the iman injury, they had a deal on the table from the clippers. The proposal was Iman, Felton and Beno for Collison , Matt Barnes , Byron Mullens and two 2nd rd picks. But the owner nixed the deal after Iman went down. If that was true...